Can anyone explain why Verizon feels the need to have people accepting the package agree to never work at Verizon again. I don't understand the benefit behind this for Verizon,
8 replies (most recent on top)
This is some bull, but I'm taking the package anyways.
They get rid of you and you come back in 6 months as a contractor . Better deal for VZ because they don’t have to cover medical
If "all tech companies" do this, it doesn't make a whole lot of sense for your supposed strategy: someone banned from company A could then work at company B (and vice-versa) without involving any H1-Bs at all.
I think it's much more likely what pcy said. In previous years, some RIFd people quickly came back as contractors and then got employee positions. And yes, you may lose a few excellent people through the ban, but if it prevents mates/favorites being rehired just because, might be good for the company
HR said this is true because historically, ~60% of employees who received packages were rehired within 6 months. The company doesn't gain any benefit from this arrangement (although it's completely their doing). This lifetime ban is meant to ensure package money is not paid out in vain and to force recruitment of the "workforce of the future".
There is a very good reason they do this. And all tech companies use this tactic.
They lay you off and blackmail you into signing the “never work here again” clause in order to get your severance pay. They can then go to the government and plead for more H1b Visas because there are no qualified applicant in the US.
Enethically brilliant.
I think they do not want you to come in with 25 days of Vaca, etc.
Easier to say, never, then someone complains about that.
But, after Oct, who would want to.
It's more than that. In past RIF's, they had a fixed time amount before someone could return. They could have said a year, 2 years, 3 years, etc. Instead, it's a lifetime ban. I think it's a foolish thing to do. A person could leave, go gain valuable experience or education and apply for a future job in a few years and be the best candidate. At that time, you are denied because you worked there previously even though you left on good standing and quite possibly with stellar performance reviews. Doesn't seem like a smart strategy or public relations decision but what do I know?
They don't want to incentive people to leave just to return in a few months. Hiring managers may play favorites or you could work your internal network. Let's not forget you are probably highly qualified to fill a Verizon role.